The Department of Veteran Affairs (VA) offers several assistance options for veterans facing foreclosure. This assistance is for home loans that have a VA guarantee. The VA can provide a "compromise claim payment," which is the difference between the market value of a home and what is owed o...
Two Grants Will Help Illinois Homeowners Avoid Foreclosure
In 2021, the American Rescue Plan Act established the Homeowner Assistance Fund to offer housing payment assistance to homeowners facing foreclosure or delinquency. Eligible homeowners who receive HAF mortgage assistance grants can use them to catch up on past-due mortgage payments. They can also pay...
The Home Affordable Modification program helps homeowners who can no longer afford their mortgage payment get it lowered to 31 percent of their gross monthly income. To qualify for a loan modification, the house facing foreclosure must be your primary place of residence. The amount owed on the m...
This homeownership program defines a first-generation buyer as “any person whose parents or guardian never owned a home during the homebuyer’s lifetime or lost the home to a foreclosure or short sale and does not own a home now.” If you qualify, you could receive a $25,000 forgivable...
Money can be used toward mortgage and housing-related expenses to cover delinquency and avoid default, foreclosure, or eviction. An application does not guarantee funding. Homeowners can find out eligibility requirements and how to apply by visiting www.pahaf.org, or calling 888-987-2423, Monday...